Le plan pour un nouvel OAR accueilli favorablement en Ontario | Finance et Investissement finance-investissement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finance-investissement.com Daily Mail and Mail on Sunday newspapers.
Michelle Schriver
Reaction to the Canadian Securities Administrators’ plan for a new single self-regulatory organization (SRO) has been positive, though industry participants say they’ll be closely watching as details of the new SRO emerge.
Investor advocate Ken Kivenko, president of Kenmar Associates, cited “strongly improved” governance relative to the existing SROs the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA).
Governance measures include strengthening the new SRO board’s independence, creating an investor advisory panel and enhancing CSA oversight.
While the changes make way for investors to be better heard, leadership of the new SRO will be critical to create a culture where investors are taken seriously, Kivenko said.
Winnipeg Free Press By: Tara Deschamps, The Canadian Press Posted:
Last Modified: 3:50 PM CDT Friday, May. 7, 2021 Save to Read Later
TORONTO - The Ontario Securities Commission is moving to ban deferred sales charges on mutual funds a move that will harmonize the watchdog s policy on such fees with the rest of the country.
The TSX is shown on a business news ticker is seen in the Financial District in Toronto, Monday, March 9, 2020. The Ontario Securities Commission says it will move toward banning deferred sales charges on mutual funds in the province. THE CANADIAN PRESS/Cole Burston
TORONTO - The Ontario Securities Commission is moving to ban deferred sales charges on mutual funds a move that will harmonize the watchdog s policy on such fees with the rest of the country.